Economy, asked by aisha1411, 10 months ago

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what do you mean by formal sector establishment

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Answered by Anonymous

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An establishment with four hired workers is known as (formal/informal) sector establishment. ... The establishmentswhether public or private, which employ 10 or more workers are called formal sector and the one who employ less than 10 workers are called informal sector.

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Answered by sharansai42

A group of people, usually employees, that includes recognized income sources for paying income taxes based on all 40-hour, regular wage jobs. Contrast to informal sector.

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